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Which of the following is the adjusting entry, for a prepaid rent account balance before adjustment of $20,000 and unexpired rent of $5,000, for the
Which of the following is the adjusting entry, for a prepaid rent account balance before adjustment of $20,000 and unexpired rent of $5,000, for the financial year ending on June 30? Select one: a. Increase Rent Expense, $5,000; decrease Prepaid Rent, $5,000 b. Increase Rent Expense, $15,000; decrease Prepaid Rent, $15,000 c. Increase Rent Expense, $25,000; decrease Prepaid Rent, $15,000 d. Increase Prepaid Rent, $15,000; decrease Rent Expense, $15,000
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